Property Description
Complete Refurbishment Planned!
The Ship Inn will be transformed into a fantastic Great Pub Great Food business after a full refurbishment inside and out. Inside the pub, an exciting transformation is underway with a full overhaul and redecoration of the trade area, bar, dining area, and toilets. Works will be undertaken to improve the kitchen to cater to the 84 internal covers. Externally, the pub will undergo a significant transformation as well. As well as redecorating the whole façade, and replacing the tiled roof and signage, the beer terrace will be improved and extended to link up to the grassed area to the rear for customers all to enjoy.
Prominent Village Location
The Ship Inn is a pleasant country Grade II listed pub in the centre of Aldborough. The demographics surrounding the pub are promising, with high affluence and a significant influx of new housing developments attracting affluent locals and visitors alike. The Ship Inn is guaranteed to be the go-to for locals whilst also catering to traveling guests from surrounding towns.
The offer
The Ship Aldborough is available on our investment tenancy agreement. Click here for more information on this agreement.
The transformed Ship Inn will stun guests and take its rightful place as THE destination pub in the area. 50/50 food and drink split, this is a fantastic opportunity for a positive and ambitious operator with prior experience in developing and delivering a substantial food offer. Combine this with skills in driving wet sales through a great range of drinks and driving footfall with a strong events calendar and the opportunities at the Ship Inn are endless.
We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring. The right operator for the Ship will have extensive experience in similar hospitality businesses. They will have a clear vision for their marketing strategy, food & drinks menu and can create a memorable experience for their customers. If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
A full list of works and pub floor plan can be found in the ‘refurbishment details’ in the downloads.
Applicants should be aware that all refurbishments are subject to final board approval which will be determined as part of the leasing process.
Where a significant investment is made in a pub by Star Pubs & Bars, an "Investment Exemption" will be required. The exemption means that the option of a Market Rent Option lease won't be available at rent review for a period of up to seven years for this site, as per The Pub Code (2016).
Private accommodation consists of bedrooms, a living room, kitchen and bathroom Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
For the full licensing details, please refer to the premises license.
Agreement Type
Investment Tenancy
Property Facilities
Kitchen
Outdoor Trade
Private Accommodation
Parking
Refurbishment Planned
Property Financials
Additional Information
In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs are not included in the rent model or ongoing costs below.
Note that on FRI Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased.
A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors.
The above figures are provided as a guide only and will be finalised as part of the commercial agreement
* All figures quoted are exclusive of VAT
** Deposit build up will be payable over a maximum of 24 months
*** Fixtures and Fittings annual rental fee should be estimated at 15% of the F&F value. The actual F&F value will be determined on the day of entry
**** Maintenance Compliance Charge relates to the fees for various statutory inspections
***** Estimated Legal Fees is a charge applied to your account by SP&B for creation of your Lease. You are required to engage and pay for your own solicitor - your solicitor's fees are not included in the above estimate
* The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
** All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement.
All figures quoted are exclusive of VAT
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
MISREPRESENTATION ACT 1967
My Hospitality Solutions Ltd advises that the contents of these particulars are believed to be correct and Lessees should satisfy themselves that they are accurate.
The information and images displayed about the properties advertised comprise a property advertisement only. My Hospitality Solutions Ltd is not liable for the accuracy or completeness of the advertisement or any linked or associated information and My Hospitality Solutions Limited has no control over the content.
